ASSEMBLY, No. 2352

STATE OF NEW JERSEY

INTRODUCED SEPTEMBER 19, 1996

By Assemblyman WOLFE

An Act appropriating a portion of the moneys repaid to the "Water Supply Fund" created pursuant to the "Water Supply Bond Act of 1981," P.L.1981, c.261, as amended by P.L.1983, c.355, as repayments of principal on loans for local projects made available from the "Water Supply Fund," and amounts heretofore appropriated to the Department of Environmental Protection for rehabilitation loans pursuant to section 1 of P.L.1982, c.131, section 1 of P.L.1985, c.99, section 1 of P.L.1987, c.309 and section 1 of P.L.1991, c.351, and authorizing the utilization of the unexpended balances from prior appropriations to the department for loans for local projects made pursuant to the aforementioned acts, for loans for local projects to rehabilitate, repair or consolidate antiquated, damaged or inadequately operating water supply facilities.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. a. There is appropriated to the Department of Environmental Protection from the "Water Supply Fund" created pursuant to the "Water Supply Bond Act of 1981," P.L.1981, c.261, as amended by P.L.1983, c.355, the sum of $500,000, which constitutes a portion of the moneys repaid to the "Water Supply Fund" as repayments of principal on loans for local projects funded under the "Water Supply Bond Act of 1981," P.L.1981, c.261, as amended by P.L.1983, c.355, and the unexpended balances of amounts heretofore appropriated to the department pursuant to section 1 of P.L.1982, c.131, section 1 of P.L.1985, c.99, section 1 of P.L.1987, c.309 and section 1 of P.L.1991, c.351, for loans for local projects to rehabilitate, repair or consolidate antiquated, damaged or inadequately operating water supply facilities, as recommended in the New Jersey Statewide Water Supply Plan.

    b. The following applicant shall be eligible for receipt of a loan pursuant to subsection a. of this section:

    Lavallette Borough            Replace portion of water

                                                main.                                       $ 500,000

    2. The expenditure of the sums appropriated by this act is subject to the provisions and conditions of P.L.1981, c.261, as amended by P.L.1983, c.355, and any regulations adopted by the department pursuant thereto.

    3. From the sum appropriated by this act, the commissioner may allocate funds for personal services by contract, or, in lieu thereof, by State employees for the purpose of planning, engineering, design, research, construction, property acquisition, or other costs related to construction. The expenditure of any of these funds for personal services is subject to written approval as a transfer by the Director of the Division of Budget and Accounting in the Department of the Treasury and by the Joint Budget Oversight Committee or its successor. Upon such approval, the director shall make the transfer as provided by law.

    4. Any funds made available to local water supply purveyors or municipalities shall be in the form of loans with principal payments due to be repaid to the "Water Supply Fund," and interest payments due to be repaid into the General Fund in accordance with the terms of a written loan agreement. The form of the loan agreement shall be specified by the State Treasurer.

    5. This act shall take effect immediately.

STATEMENT

    This bill appropriates $500,000 from the Water Supply Fund of 1981 to the DEP for a rehabilitation loan to the Borough of Lavallette, which will use these funds to replace a portion of its water main.